Compound Inc

Analysis

Compound Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Compound Inc reported income of $204k and spending of $621k, spending 305% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $252k to $204k (-19%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Compound Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Boise Baroque Inc ($204k), Music City Maryland Association Inc ($204k) and Mauliola Keehi ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $1,846 (0.3% of expenses). Other salaries and wages came to $7,307. At year end it held assets of $1.1m against liabilities of $610k, net assets of $446k. It reported 3 employees.